Imitation is not only the highest form of flattery but also an easier way for poorer countries to develop new technology
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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If the government increases its purchases of goods and services by $3,000 and the MPC is 0.8, GDP and income will eventually increase by
A) $2,400. B) $6,000. C) $15,000. D) $24,000.
Economics
How is the Solow residual measured? What problems arise in its measurement when resource utilization varies over the business cycle? What implications do these measurement issues have for evidence supporting the RBC model?
What will be an ideal response?
Economics
Assume that U.S. inflation increased while Germany's inflation stayed the same, there would be:
Economics
Refer to the figure above. What is the consumer surplus before Lithasia opens up to free trade?
A) $3 B) $12 C) $18 D) $22
Economics